Q2 EBIT rises 34.4 yy to 146 million euros
Exceeds 2 bln euros in quarterly sales for first time
Raises fullyear 2022 revenue outlook

BERLIN, July 27 Reuters German sportswear maker Puma reported stronger than expected secondquarter earnings on Wednesday on very strong growth across its product range and raised its revenue outlook for the fullyear 2022.

The company said its earnings before interest and taxes EBIT rose by 34.4 on the year to 146 million euros 148.06 million, compared with analysts39; average forecast for EBIT of 128.94 million euros.

We feel that the increased investments into RD, Innovation and Product Development over the past years are starting to pay off, Chief Executive Bjorn Gulden said in a statement.

Secondquarter sales rose by 18.4 in currency adjusted terms to 2.002 billion euros. The company said it saw strong growth in all its performance categories, like Running, Training, Teamsports, Golf and Basketball.

We do see an increased level of uncertainty around the world, Gulden said, but added I remain optimistic for our sector in general and the PUMA brand in particular and we even raise our revenue outlook for the full year 2022.

PUMA said it was raising its fullyear outlook from previously at least 10 currencyadjusted sales growth with upside potential to midteens currencyadjusted sales growth. It reiterated its expectation for EBIT to be in a range of 600700 million euros for the financial year 2022.

In late June, Puma rival…